
Trona, California 93562
Analysis of 83298 Argus Avenue, Trona, California 93562 is currently available with a list price of $688,888. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Trona Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1948, this 36-unit complex is a mid-rehabilitation project with significant deferred maintenance. While two buildings have new roofs, the majority of the units remain boarded up, vacant, and require full interior gut renovations including kitchens, baths, and all major systems to meet safety and habitability standards.
With 36 units projected to rent for $1,000-$1,200 each, the property offers an exceptional gross income potential of over $36,000 monthly, supported by strong Section 8 government housing demand.
The complex features essential infrastructure including utilities and two new roofs, providing a solid foundation for investors to force appreciation through the completion of unit renovations.
High occupancy rates and existing waiting lists at nearby apartment complexes indicate a localized housing shortage, ensuring a ready pool of tenants once the units are market-ready.
The property is currently vacant with 35 out of 36 units requiring full renovation, necessitating significant upfront capital investment and intensive construction management.
Situated in the remote desert community of Trona, the investment is highly dependent on specific local industries and government subsidies, which may impact long-term resale liquidity.
(36 units /36Beds/36Baths/Each Unit is 500sqft 1B1B) Multi-family commercial/residential complex for sale. After Construction, the property may be rented via Section 8 Government Housing. Section 8 currently pays about $1,000 for each unit. The property consists of four separate apartment buildings with an equal number of units in each all configured as one bedroom one bathroom units totaling approximately 22000 square feet of living area on an expansive three acre lot. Utilities including gas water and electric are present and the property features separate laundry room structures. Two of the four buildings have recently received new roofs and one unit in the first building has been fully completed while the remaining units are ready for renovation. The entire complex is currently vacant and offers significant upside potential with projected rents of $1000-$1,200 per unit upon completion as Trona continues to grow and much of the surrounding real estate is being actively rehabilitated creating strong future demand and long term upside. Plan of Action to get leased available soon in MLS supplements. Construction Cost Supplements coming soon. There is already a successful apartment complex with over 50 units in Trona known as the Searles Valley Apartments. They currently have a large waiting list, which suggests tenants are already waiting to move in!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 36.0 | 19.5 | 50% |
| Baths | 36.0 | 18.5 | 50% |
| Square foot | 21,660 | 11,292.5 | 50% |
| Lot Size | 129,808 | 68,404 | 50% |
| Price | $688.9K | $353.1K | 50% |
| Price per sq ft | $32 | $25 | 50% |
| Built year | 1948 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 153 | 164 | 50% |
Feb 28, 2026
$688,888
$750,000
-8% Price Drop
Initial Listing
Jan 4, 2026
$750,000
Initial Listing
May 25, 2010
$50,000
Public Record
Aug 14, 2006
$590,000
Public Record
Jun 30, 2005
$92,500
Public Record